Can I retire at age 60 with 2,630,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$217,183$215,248$213,361$211,519$209,720$204,900
2 years$107,516$105,514$103,573$101,692$99,867$95,037
3 years$70,966$68,955$67,019$65,155$63,359$58,671
4 years$52,694$50,689$48,773$46,940$45,189$40,678
5 years$41,734$39,741$37,849$36,055$34,352$30,031
6 years$34,429$32,451$30,588$28,833$27,181$23,055
7 years$29,214$27,253$25,419$23,705$22,106$18,175
8 years$25,304$23,360$21,557$19,886$18,339$14,602
9 years$22,265$20,339$18,567$16,938$15,444$11,898
10 years$19,835$17,928$16,187$14,601$13,159$9,800
11 years$17,848$15,960$14,251$12,707$11,317$8,141
12 years$16,193$14,325$12,647$11,146$9,807$6,808
13 years$14,794$12,946$11,300$9,840$8,552$5,725
14 years$13,596$11,767$10,153$8,735$7,497$4,835
15 years$12,559$10,750$9,167$7,790$6,601$4,099
16 years$11,652$9,863$8,311$6,975$5,834$3,486
17 years$10,853$9,083$7,563$6,267$5,173$2,972
18 years$10,143$8,393$6,904$5,648$4,599$2,539
19 years$9,509$7,779$6,320$5,103$4,099$2,173
20 years$8,939$7,228$5,800$4,622$3,662$1,863
21 years$8,423$6,733$5,335$4,195$3,277$1,599
22 years$7,956$6,285$4,917$3,814$2,937$1,374
23 years$7,529$5,878$4,540$3,474$2,637$1,181
24 years$7,139$5,508$4,199$3,168$2,370$1,017
25 years$6,781$5,169$3,889$2,893$2,132$876
26 years$6,450$4,858$3,607$2,645$1,921$755
27 years$6,145$4,572$3,349$2,421$1,732$651
28 years$5,862$4,308$3,113$2,219$1,563$562
29 years$5,599$4,064$2,897$2,035$1,411$485
30 years$5,354$3,838$2,699$1,867$1,275$418
31 years$5,125$3,628$2,516$1,715$1,153$361
32 years$4,911$3,433$2,347$1,576$1,043$312
33 years$4,710$3,251$2,192$1,449$944$270
34 years$4,521$3,081$2,048$1,333$854$233
35 years$4,344$2,922$1,915$1,227$774$201
36 years$4,177$2,774$1,791$1,130$701$174
37 years$4,019$2,635$1,676$1,042$635$150
38 years$3,870$2,504$1,570$960$576$130
39 years$3,729$2,381$1,471$885$522$112
40 years$3,596$2,265$1,379$816$474$97
41 years$3,469$2,156$1,293$753$430$84
42 years$3,348$2,054$1,213$695$390$73
43 years$3,234$1,957$1,138$642$354$63
44 years$3,125$1,865$1,068$593$321$54
45 years$3,021$1,778$1,003$547$292$47
46 years$2,922$1,697$942$506$265$41
47 years$2,827$1,619$885$467$241$35
48 years$2,737$1,546$832$432$218$30
49 years$2,650$1,476$782$399$198$26
50 years$2,568$1,410$735$369$180$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,630,000, adding $5,667 every year, while hoping to spend $21,823 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 37/38/25 Blend
59$2,630,000$2,630,000$2,630,000$2,630,000
60$2,904,106$2,764,716$2,723,951$2,989,613
61$3,177,105$2,876,967$2,791,983$3,165,131
62$3,477,219$2,993,988$2,861,564$3,352,171
63$3,807,189$3,115,988$2,932,721$3,553,779
64$4,170,039$3,243,187$3,005,483$3,771,283
65$4,569,097$3,375,817$3,079,881$4,006,138
66$5,008,030$3,514,118$3,155,942$4,259,944
67$5,490,881$3,658,341$3,233,698$4,534,457
68$6,022,101$3,808,751$3,313,178$4,831,606
69$6,606,598$3,965,621$3,394,411$5,153,507
70$7,249,775$4,129,241$3,477,428$5,502,489
71$7,957,590$4,299,911$3,562,259$5,881,107
72$8,736,604$4,477,947$3,648,935$6,292,170
73$9,594,049$4,663,678$3,737,486$6,738,766
74$10,537,892$4,857,448$3,827,942$7,224,290
75$11,576,912$5,059,619$3,920,333$7,752,472
76$12,720,784$5,270,566$4,014,691$8,327,415
77$13,980,166$5,490,686$4,111,045$8,953,630
78$15,366,803$5,720,390$4,209,425$9,636,079
79$16,893,638$5,960,110$4,309,862$10,380,219
80$18,574,932$6,210,299$4,412,386$11,192,052
81$20,426,400$6,471,428$4,517,025$12,078,182
82$22,465,357$6,743,992$4,623,810$13,045,875
83$24,710,885$7,028,509$4,732,769$14,103,123
84$27,184,009$7,325,521$4,843,931$15,258,725
85$29,907,900$7,635,593$4,957,325$16,522,360
86$32,908,088$7,959,319$5,072,977$17,904,682
87$36,212,707$8,297,320$5,190,916$19,417,417
88$39,852,759$8,650,245$5,311,168$21,073,470
89$43,862,407$9,018,773$5,433,758$22,887,050
90$48,279,296$9,403,616$5,558,712$24,873,796
91$53,144,909$9,805,518$5,686,054$27,050,926
92$58,504,960$10,225,259$5,815,807$29,437,396
93$64,409,824$10,663,654$5,947,994$32,054,076
94$70,915,010$11,121,558$6,082,637$34,923,946
95$78,081,690$11,599,863$6,219,754$38,072,309
96$85,977,272$12,099,506$6,359,365$41,527,029
97$94,676,038$12,621,465$6,501,488$45,318,789
98$104,259,843$13,166,767$6,646,137$49,481,376
99$114,818,893$13,736,484$6,793,329$54,052,004
100$126,452,589$14,331,741$6,943,074$59,071,653